The Stradia on the Yio Chu Kang road is a mixed development property that was built during the 1990s. It comprises of 8 residential units, and 3 retail shops. The reserve price is S$22 million translates to S$889 psf ppr.
The winning bidder however will not be required to pay any development charges. The site is freehold and suited for developers keen on making an entry into the Singapore property market with lower exposure.
An adjoining plot of state land will also be available for re-development to the successful bidder subject to necessary approvals from the government.
The gross plot ratio is 3.0 and the site measures of 8,241 square feet
Mount Everest Properties is the marketing agent for the property.
Tender for this freehold property closes on January 10, 2018
The Stradia is accessible to many train stations like serangoon, Lorong Chuan and Kovan.
Zhonghua Primary school, Yangzheng Primary School and Chij Our Lady of Good Counsel are among the primary schools close to the Stradia.
Amenities such as Giant (Serangoon Central Drive), Giant (Kovan Centre) and NTUC Fairprice are also close to the property. NEX, ICB shopping Centre and Upper Serangoon Shopping centre are the malls close to Stradia.
Apart from these, there are about 11 convenience stores within 5 minutes walking distance from Stradia and the nearest pharmacy is about 12 minutes by walk.